By David Purtell and Zac Ezzone – Triangle Business Journal

May 12, 2025

Updated May 12, 2025 11:50am EDT

A global biotech company is eyeing Wake County for a production facility that would create more than 400 jobs.

Genentech, a subsidiary of Swiss multinational health care company Roche Holding AG, wants to put a new facility in Holly Springs, representing a total investment of $700 million. The company plans to create 420 jobs with an average minimum wage of nearly $120,000.

Genentech, based in San Francisco, on Monday morning was approved for state incentives totaling more than $13 million. The company is also in line for local incentives totaling more than $33 million.

The Holly Springs plant will be the company's first production facility on the East Coast. The 700,000-square-foot high volume fill-finish facility will support Genentech's existing portfolio and future obesity medicines. Genentech focuses on drug discovery and development to treat serious and life-threatening diseases.

The company, with around 12,000 employees, is expected to create the jobs over five years from 2028 to 2032. Genentech also has facilities in Southern California, Oregon and Louisville, Kentucky.